Commercial Virtual Cards
Virtual cards offer a unique combination of benefits to businesses using them to make online purchases:
A new unique virtual card can be created for each transaction, and associated with data such as order number, booking reference, etc so that payment reconciliation can be automated.
Fraud can be limited by activating the card only for a limited window of time just when it is needed to make transactions, and only usable at certain categories of merchants to reduce scope for abuse.
Virtual cards for business use return a percentage of the amount spent in a form of cashback. This can be used to make the service free to end-customers, or offered as a rebate on transactions.
Use commercial virtual cards for
Supplier PaymentsPart of a procurement solutions, especially where the supplier is not on-boarded in the procurement system but accepts cards at checkout.
Purchase on Behalf of (POBO)Solutions for concierge services to remotely purchase goods and services on behalf of their clients.
Managing Employee Expendituremobile workforce can pay for expenses via an app, supporting request and approval process, reporting, and spend-category blocking.
Marketplace Paymentswhereby the payments can be integrated into the purchasing experience for both buyer and seller.
Managing Subscription Payments (B2B)tracking subscription expiry and only loading funds on the registered card if a positive approval is made for renewal.
Adaptive and scalable
Our pricing strikes a balance between being simple and competitive. There are no setup fees and no minimum monthly payments. Just buy a bundle of services that’s right for you and once you’ve used it up, get another one.
|Charges and Revenues|
|Validity Period||3 months||6 months||12 months||12 months||12 months|
|Debit Card Charges|
|Settlement - Domestic||£0.45+1.10%||£0.40+1.05%||£0.35+1.00%||£0.32+0.95%||£0.30+0.90%|
|Settlement - Intra EEA||£0.45+1.10%||£0.40+1.05%||£0.35+1.00%||£0.32+0.95%||£0.30+0.90%|
|Settlement - Outside EEA||£0.80+1.65%||£0.75+1.60%||£0.70+1.55%||£0.65+1.50%||£0.60+1.45%|
|Funding Account Charges|
|Open business account (IBAN) in € only||£18.00||£18.00||£18.00||£18.00||£18.00|
|Receive funds - consumer||£1.20||£1.20||£1.20||£1.20||£1.20|
|Receive funds - business||£6.00||£6.00||£6.00||£6.00||£6.00|
|Withdraw - B2C||£10.50||£10.50||£10.50||£10.50||£10.50|
|Withdraw - B2B||£15.50||£15.50||£15.50||£15.50||£15.50|
|AML Compliance Charges|
|PEP & Sanctions check - 1st check||£0.40||£0.36||£0.33||£0.31||£0.30|
|PEP & Sanctions check - per month (reqd)||£0.16||£0.15||£0.14||£0.13||£0.12|
|ID verification inc liveness & age||£1.75||£1.65||£1.60||£1.55||£1.50|
|Proof of address verification||£0.95||£0.90||£0.85||£0.80||£0.75|
|Sole trader registration docs check||£6.00||£6.00||£6.00||£6.00||£6.00|
|Ltd liability company registration docs check||£20.00||£20.00||£20.00||£20.00||£20.00|
|Interchange - indicative (pass through basis)|
|Consumer cards, purch. in EEA up to||0.20%||0.20%||0.20%||0.20%||0.20%|
|Consumer cards, purch. outside EEA up to||1.15%||1.15%||1.15%||1.15%||1.15%|
|Commercial cards, purch. in EEA up to||1.65%||1.65%||1.65%||1.65%||1.65%|
|Commercial cards, purch. outside EEA up to||2.00%||2.00%||2.00%||2.00%||2.00%|
|Foreign exchange markup, up to||3.00%||3.00%||3.00%||3.00%||3.00%|
v 2019.12.03 - Extract. For full pricing information see Terms and Conditions